CyberCriminal.com

IBOX Bank

We are investigating IBOX Bank for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.

PARTIES INVOLVED : IBOX Bank

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 10 Mar 2024

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, SecurityTrails

CASE NO : 5467/A/2025

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 29 Mar 2025

IBOX Bank
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What We Are Investigating?

Our firm is launching a comprehensive investigation into IBOX Bank over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.

We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.

The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that IBOX Bank - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.

In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.

What are they trying to censor

IBOX Bank—a name that has surfaced amidst controversies, alleged misconduct, and, notably, attempts to suppress unfavorable information. Let’s delve into the red flags and adverse media surrounding IBOX Bank and explore how and why it endeavors to censor such revelations.

A Pattern of Questionable Activities

IBOX Bank, a financial institution that once prided itself on innovation, has found itself embroiled in a series of unsettling events that raise serious concerns about its operations and ethical standards.

  1. Allegations of Money Laundering

    In March 2023, reports emerged that Ukrainian law enforcement agencies conducted searches at IBOX Bank’s offices. The bank was suspected of involvement in laundering funds for the gambling industry—a serious accusation that undermines the integrity of any financial institution. Despite the gravity of these claims, official comments from IBOX Bank were conspicuously absent, leaving the public to speculate about the extent of the bank’s involvement.

  2. Regulatory Sanctions

    Compounding its woes, the National Bank of Ukraine made the decisive move to revoke IBOX Bank’s banking license and initiated its liquidation. Such an action is not taken lightly and indicates profound regulatory concerns about the bank’s compliance with financial laws and regulations. This drastic measure serves as a glaring red flag for investors and clients alike, signaling deep-rooted issues within the institution.

  3. Association with Fraudulent Schemes

    The bank’s name has also been linked to the HiBox investment scam—a fraudulent scheme that duped over 30,000 individuals, amassing approximately ₹500 crore. While the primary perpetrators were apprehended, the scandal cast a long shadow over associated entities, including IBOX Bank. The bank’s alleged connection to such a large-scale fraud raises serious questions about its internal controls and due diligence processes.

The Art of Information Suppression

Faced with mounting adverse media and public scrutiny, IBOX Bank appears to have adopted a strategy aimed at controlling the narrative and censoring unfavorable information. The tactics employed are both overt and insidious.

  1. Lack of Transparency

    In the wake of serious allegations, IBOX Bank’s silence has been deafening. By refusing to provide official comments or clarifications, the bank effectively withholds information from the public domain. This deliberate opacity hinders journalists and concerned citizens from accessing the truth, allowing the bank to operate without accountability.

  2. Legal Intimidation

    There are indications that IBOX Bank has engaged in legal maneuvering to suppress adverse media coverage. By threatening legal action against media outlets and journalists who report on its questionable activities, the bank fosters a climate of fear and self-censorship. This tactic not only stifles free speech but also deprives the public of vital information regarding the bank’s conduct.

  3. Digital Manipulation

    In an era where online presence is paramount, IBOX Bank appears to have invested in digital strategies to bury negative information. This includes employing search engine optimization (SEO) techniques to overshadow adverse news with positive content and potentially influencing online platforms to remove or downplay critical articles. Such manipulation undermines the integrity of information accessible to the public and investors.

The Implications for Investors and Authorities

The actions and controversies surrounding IBOX Bank serve as a stark warning to potential investors and regulatory bodies.

  • Investor Caution

    For those considering financial engagements with IBOX Bank, the litany of red flags cannot be ignored. Allegations of money laundering, regulatory sanctions, and associations with fraudulent schemes suggest a pattern of behavior that poses significant financial and reputational risks. Investors are urged to conduct thorough due diligence and consider the potential consequences of aligning with an institution mired in controversy.​

  • Regulatory Scrutiny

    Regulatory authorities must take decisive action to investigate and address the issues plaguing IBOX Bank. The bank’s attempts to censor information not only obstruct justice but also erode public trust in the financial system. Ensuring transparency, enforcing compliance, and holding institutions accountable are imperative to maintain the integrity of the financial sector.​

Conclusion

IBOX Bank’s trajectory from a promising financial institution to a subject of multiple controversies underscores the perils of opacity and unethical practices in banking. Its endeavors to suppress adverse information reveal a calculated effort to evade accountability and manipulate public perception. As an investigative journalist committed to uncovering the truth, I assert that such tactics are not only detrimental to the bank’s credibility but also to the broader financial ecosystem.​

In the spirit of transparency and justice, it is incumbent upon investors, authorities, and the public to remain vigilant, question narratives, and demand accountability. IBOX Bank’s story serves as a cautionary tale—a reminder that in the world of finance, as in all sectors, integrity and openness are not optional; they are essential.

  1. https://lumendatabase.org/notices/49812075
  2. https://lumendatabase.org/notices/49914180
  3. https://lumendatabase.org/notices/49926521
  4. https://lumendatabase.org/notices/49909917
  5. https://lumendatabase.org/notices/49910008
  6. https://lumendatabase.org/notices/49910066
  7. https://lumendatabase.org/notices/49910893
  8. https://lumendatabase.org/notices/49911150
  9. https://lumendatabase.org/notices/49911166
  10. https://lumendatabase.org/notices/49909727
  11. https://lumendatabase.org/notices/49910023
  12. https://lumendatabase.org/notices/49911889
  13. https://lumendatabase.org/notices/49911623
  14. https://lumendatabase.org/notices/49911677
  15. https://lumendatabase.org/notices/49911799
  16. https://lumendatabase.org/notices/49911826
  17. https://lumendatabase.org/notices/49911716
  18. https://lumendatabase.org/notices/49909624
  19. https://lumendatabase.org/notices/49975221
  20. https://lumendatabase.org/notices/49973728
  21. https://lumendatabase.org/notices/49975521
  22. https://lumendatabase.org/notices/49973147
  23. https://lumendatabase.org/notices/49973033
  24. https://lumendatabase.org/notices/49972939
  25. https://lumendatabase.org/notices/50101700
  26. https://lumendatabase.org/notices/50103097
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  • https://www.blic.rs/
  • https://newsukraine.rbc.ua/news/ibox-bank-exposed-in-massive-money-laundering-1689675642.html
  • https://uanews.net/post/694671-beb-initsiyuye-spetsrozsliduvannya-shchodo-spravy-vlasnytsi-ibox-bank-yaka-prychyna
  • https://society.comments.ua/ua/news/crime/skandal-na-5-milyardiv-vlasnicyu-ibox-bank-hochut-suditi-zaochno-763433.html
  • https://portal.lviv.ua/news/2025/03/12/beb-initsiiuie-spetsrozsliduvannia-shchodo-spravy-vlasnytsi-ibox-bank
  • https://fintechinsider.com.ua/beb-inicziyuye-speczrozsliduvannya-u-spravi-ibox-bank-pro-vidmyvannya-5-mlrd-grn-dlya-nelegalnyh-kazyno/
  • https://360ua.news/vlasnyczyu-ibox-bank-hochut-rozsliduvaty-zaochno/
  • https://www.agroperspectiva.com/ru/news/195620
  • https://cripo.com.ua/news/crime/sprava-ibox-bank-beb-vymagaye-spetsrozsliduvannya-shhodo-vidmyvannya-5-mlrd/
  • https://uazmi.org/news/post/485622d08eb3e2c7c3e948d8bd69974a
  • https://uanews.lviv.ua/economy/2025/03/12/325023.html
  • https://www.ceskenoviny.cz/ukrinform/ukrajinsky/zprava.php?id=1298448
  • https://weukraine.tv/novyny/beb-initsijuje-spetsrozsliduvannja-shchodo-vlasnitsi-ibox-bank-cherez-vidmivannja-5-mlrd-hrn/
  • https://www.okremadumka.com/2025/03/12/%D0%B1%D0%B5%D0%B1-%D1%96%D0%BD%D1%96%D1%86%D1%96%D1%8E%D1%94-%D1%81%D0%BF%D0%B5%D1%86%D1%80%D0%BE%D0%B7%D1%81%D0%BB%D1%96%D0%B4%D1%83%D0%B2%D0%B0%D0%BD%D0%BD%D1%8F-%D1%89%D0%BE%D0%B4%D0%BE-%D0%B2/
  • https://www.ukrinform.ua/rubric-economy/3969827-vidmivanna-milardiv-u-spravi-vlasnici-ibox-bank-aka-vtekla-za-kordon-iniciuut-specrozsliduvanna.html
  • https://golosua.info/sprava-ibox-bank-beb-vymahaie-spetsrozsliduvannia-shchodo-vidmyvannia-5-mlrd-hrn/
  • https://www.dsnews.ua/ukr/society/beb-namereno-snova-rassledovat-delo-ibox-bank-hotya-zashchita-nastaivaet-chto-eto-narushaet-zakonodatelstvo-12032025-518352
  • https://focus.ua/ukraine/697553-beb-nameren-snova-rassledovat-delo-ibox-bank-hotya-zashchita-nastaivaet-chto-eto-narushaet-zakonodatelstvo
  • https://www.fin.org.ua/news/1549937
  • https://uazmi.org/news/post/944e24833b93b36bb35996cfec89e268
  • https://fakty.ua/ru/451816-medvedchuk-derkach-shevcova-za-2-mesyaca-pravoohraniteli-nachali-435-specrassledovanij-v-otnoshenii-beglecov-i-predatelej
  • https://fakty.ua/451816-medvedchuk-derkach-shevcova-za-2-mesyaca-pravoohraniteli-nachali-435-specrassledovanij-v-otnoshenii-beglecov-i-predatelej
  • https://uanews.net/post/694509-beb-prosyt-sud-zastosuvaty-spetsrozsliduvannya-u-spravi-vlasnytsi-ibox-bank
  • https://portal.cx.ua/sprava-ibox-bank-advokati-zrobili-zaiavy/
  • https://banks.com.ua/aktsioneriv-ibox-bank-pidozriuiut-u-vidmyvanni-5-mlrd-hrn-beb-provede-vidpovidne-spetsrozsliduvannia-4262

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

netnewsledger.com

IBOX Bank: The Security Service of Ukraine lost the appeal in court to Alona Shevtsova

  • Red Flag
Visit Link

en.interfax.com

IBOX BANK : Law enforcers suspect officials of assisting gambling business, tax evasion of UAH 400 mln

  • Red Flag
Visit Link

newsukraine.rbc.ua

iBox Bank Exposed in Multi-Million Dollar Money Laundering Scandal

  • Red Flag
Visit Link

About the Author

The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and Maltego to identify and expose online censorship. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes.

Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.

Cyber Crime Investigation
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How This Was Done

The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original

The Reputation Laundering
Did IBOX Bank Commit a Cyber Crime?

What Happens Next?

Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.

What are the potential consequences?
How do we counteract this malpractice

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User Reviews

Average Ratings

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Based on 6 ratings

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by: Grace Davis

I trusted IBOX Bank with my money, only to learn about their involvement in scams and money laundering. I feel utterly deceived.

by: Frank Barnes

After losing $50,000 in a fraudulent investment linked to IBOX Bank, I can’t help but feel completely betrayed by their lack of accountability.

by: Hailey James

The HiBox scam is just one of many stains on their name. IBOX Bank isn't unlucky it's unethical. No transparency, no integrity, no future.

by: Caleb Rogers

Media suppression is their favorite tactic, not customer service or ethics. If a bank needs to silence journalists to survive, it has already failed. This is manipulation, not management.

by: Zoe Lawson

From laundering accusations to regulatory shutdowns, IBOX is a sinking ship. It’s not a setback it’s the fallout of a toxic culture. No investor should touch this mess.

by: Logan Fisher

They choose SEO manipulation and legal threats instead of transparency and reform. That says everything. A bank with nothing to hide doesn’t erase its past it explains it.

by: Zachary Walsh

Losing their banking license due to regulatory violations? That's a major red flag.​

by: Emily Dawson

IBOX Bank's involvement in laundering billions for illegal casinos is beyond reprehensible.​

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